So Lucid's former chief engineer Eric Bach just dumped about $4 million in stock. He was their SVP of product and basically a top engineering guy before leaving last November. Not exactly a vote of confidence right?

The thing is, the stock has already tanked 40% since he left. And honestly when you look at what the company's facing in 2026, I kind of get why he bailed. They're burning through cash with no path to profitability and they're relying on constant share dilution to stay afloat. Since going public they've basically doubled the shares outstanding while the stock price got cut in half.

Here's the real problem though - they can't compete on price. Tesla and Rivian already proved you need affordable mass-market models to make real money in EVs. Lucid's years behind on that front. Their market cap is only $3.3 billion compared to Rivian at $15 billion. Even with 80% expected sales growth analysts are predicting heavy losses. So they'll need to keep diluting shareholders just to survive.

I think Bach saw the writing on the wall. As their chief engineer he probably knew better than anyone whether they could actually pull this off. And apparently he decided his answer was no. Hard to argue with an insider's exit strategy when the fundamentals look this rough.